Directional Drilling Market In North America 2024-2028
The directional drilling market in North America is forecasted to grow by USD 1.99 bn during 2023-2028, accelerating at a CAGR of 8.04% during the forecast period. The report on the directional drilling market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising investments in upstream oil and gas sector, increasing demand for oil and gas worldwide, and growing activities related to horizontal wells.
Technavio's directional drilling market in North America is segmented as below:
By Application
- Onshore
- Offshore
- Rotary steerable system
- Conventional methods
The report on the directional drilling market in North America covers the following areas:
- Directional drilling market in North America sizing
- Directional drilling market in North America forecast
- Directional drilling market in North America industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
- 1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary - Chart on Market Overview
- Exhibit 02: Executive Summary - Data Table on Market Overview
- Exhibit 03: Executive Summary - Chart on Country Market Characteristics
- Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary - Chart on Market Segmentation by Technique
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
- 2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
- 3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
- 4 Historic Market Size
- 4.1 Directional drilling market in North America 2018 - 2022
- Exhibit 18: Historic Market Size - Data Table on directional drilling market in north America 2018 - 2022 ($ billion)
- 4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- 4.3 Technique Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size - Technique Segment 2018 - 2022 ($ billion)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2023 and 2028
- 6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 29: Chart on Application - Market share 2023-2028 (%)
- Exhibit 30: Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Exhibit 31: Chart on Comparison by Application
- Exhibit 32: Data Table on Comparison by Application
- 6.3 Onshore - Market size and forecast 2023-2028
- Exhibit 33: Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
- Exhibit 34: Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Chart on Onshore - Year-over-year growth 2023-2028 (%)
- Exhibit 36: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
- 6.4 Offshore - Market size and forecast 2023-2028
- Exhibit 37: Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
- Exhibit 38: Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Chart on Offshore - Year-over-year growth 2023-2028 (%)
- Exhibit 40: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Application
- Exhibit 41: Market opportunity by Application ($ billion)
- Exhibit 42: Data Table on Market opportunity by Application ($ billion)
- 7 Market Segmentation by Technique
- 7.1 Market segments
- Exhibit 43: Chart on Technique - Market share 2023-2028 (%)
- Exhibit 44: Data Table on Technique - Market share 2023-2028 (%)
- 7.2 Comparison by Technique
- Exhibit 45: Chart on Comparison by Technique
- Exhibit 46: Data Table on Comparison by Technique
- 7.3 Rotary steerable system - Market size and forecast 2023-2028
- Exhibit 47: Chart on Rotary steerable system - Market size and forecast 2023-2028 ($ billion)
- Exhibit 48: Data Table on Rotary steerable system - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Chart on Rotary steerable system - Year-over-year growth 2023-2028 (%)
- Exhibit 50: Data Table on Rotary steerable system - Year-over-year growth 2023-2028 (%)
- 7.4 Conventional methods - Market size and forecast 2023-2028
- Exhibit 51: Chart on Conventional methods - Market size and forecast 2023-2028 ($ billion)
- Exhibit 52: Data Table on Conventional methods - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Chart on Conventional methods - Year-over-year growth 2023-2028 (%)
- Exhibit 54: Data Table on Conventional methods - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Technique
- Exhibit 55: Market opportunity by Technique ($ billion)
- Exhibit 56: Data Table on Market opportunity by Technique ($ billion)
- 8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 58: Chart on Market share By Geographical Landscape - 2023-2028 (%)
- Exhibit 59: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 60: Chart on Geographic comparison
- Exhibit 61: Data Table on Geographic comparison
- 9.3 US - Market size and forecast 2023-2028
- Exhibit 62: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 63: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 64: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.4 Canada - Market size and forecast 2023-2028
- Exhibit 66: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Exhibit 67: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Chart on Canada - Year-over-year growth 2023-2028 (%)
- Exhibit 69: Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 9.5 Mexico - Market size and forecast 2023-2028
- Exhibit 70: Chart on Mexico - Market size and forecast 2023-2028 ($ billion)
- Exhibit 71: Data Table on Mexico - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Chart on Mexico - Year-over-year growth 2023-2028 (%)
- Exhibit 73: Data Table on Mexico - Year-over-year growth 2023-2028 (%)
- 9.6 Market opportunity By Geographical Landscape
- Exhibit 74: Market opportunity By Geographical Landscape ($ billion)
- Exhibit 75: Data Table on Market opportunity By Geographical Landscape ($ billion)
- 10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 76: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
- 11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 77: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 78: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 79: Impact of key risks on business
- 12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 80: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 81: Matrix on vendor position and classification
- 12.3 APA Corp.
- Exhibit 82: APA Corp. - Overview
- Exhibit 83: APA Corp. - Product / Service
- Exhibit 84: APA Corp. - Key offerings
- 12.4 Baker Hughes Co.
- Exhibit 85: Baker Hughes Co. - Overview
- Exhibit 86: Baker Hughes Co. - Business segments
- Exhibit 87: Baker Hughes Co. - Key news
- Exhibit 88: Baker Hughes Co. - Key offerings
- Exhibit 89: Baker Hughes Co. - Segment focus
- 12.5 Cathedral Energy Services
- Exhibit 90: Cathedral Energy Services - Overview
- Exhibit 91: Cathedral Energy Services - Business segments
- Exhibit 92: Cathedral Energy Services - Key offerings
- Exhibit 93: Cathedral Energy Services - Segment focus
- 12.6 Chevron Corp.
- Exhibit 94: Chevron Corp. - Overview
- Exhibit 95: Chevron Corp. - Business segments
- Exhibit 96: Chevron Corp. - Key news
- Exhibit 97: Chevron Corp. - Key offerings
- Exhibit 98: Chevron Corp. - Segment focus
- 12.7 Halliburton Co.
- Exhibit 99: Halliburton Co. - Overview
- Exhibit 100: Halliburton Co. - Business segments
- Exhibit 101: Halliburton Co. - Key news
- Exhibit 102: Halliburton Co. - Key offerings
- Exhibit 103: Halliburton Co. - Segment focus
- 12.8 Intrepid
- Exhibit 104: Intrepid - Overview
- Exhibit 105: Intrepid - Product / Service
- Exhibit 106: Intrepid - Key offerings
- 12.9 LEAM Drilling Services
- Exhibit 107: LEAM Drilling Services - Overview
- Exhibit 108: LEAM Drilling Services - Product / Service
- Exhibit 109: LEAM Drilling Services - Key offerings
- 12.10 Nabors Industries Ltd.
- Exhibit 110: Nabors Industries Ltd. - Overview
- Exhibit 111: Nabors Industries Ltd. - Business segments
- Exhibit 112: Nabors Industries Ltd. - Key news
- Exhibit 113: Nabors Industries Ltd. - Key offerings
- Exhibit 114: Nabors Industries Ltd. - Segment focus
- 12.11 NOV Inc.
- Exhibit 115: NOV Inc. - Overview
- Exhibit 116: NOV Inc. - Business segments
- Exhibit 117: NOV Inc. - Key news
- Exhibit 118: NOV Inc. - Key offerings
- Exhibit 119: NOV Inc. - Segment focus
- 12.12 RPB Industries Group
- Exhibit 120: RPB Industries Group - Overview
- Exhibit 121: RPB Industries Group - Product / Service
- Exhibit 122: RPB Industries Group - Key offerings
- 12.13 Scientific Drilling International
- Exhibit 123: Scientific Drilling International - Overview
- Exhibit 124: Scientific Drilling International - Product / Service
- Exhibit 125: Scientific Drilling International - Key offerings
- 12.14 Terra Contracting
- Exhibit 126: Terra Contracting - Overview
- Exhibit 127: Terra Contracting - Product / Service
- Exhibit 128: Terra Contracting - Key offerings
- 12.15 Texas Directional Boring
- Exhibit 129: Texas Directional Boring - Overview
- Exhibit 130: Texas Directional Boring - Product / Service
- Exhibit 131: Texas Directional Boring - Key offerings
- 12.16 Vermeer Corp.
- Exhibit 132: Vermeer Corp. - Overview
- Exhibit 133: Vermeer Corp. - Product / Service
- Exhibit 134: Vermeer Corp. - Key offerings
- 12.17 Weatherford International Plc
- Exhibit 135: Weatherford International Plc - Overview
- Exhibit 136: Weatherford International Plc - Business segments
- Exhibit 137: Weatherford International Plc - Key news
- Exhibit 138: Weatherford International Plc - Key offerings
- Exhibit 139: Weatherford International Plc - Segment focus
- 13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 140: Inclusions checklist
- Exhibit 141: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 142: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 143: Research methodology
- Exhibit 144: Validation techniques employed for market sizing
- Exhibit 145: Information sources
- 13.5 List of abbreviations
- Exhibit 146: List of abbreviations
- Exhibits:
- Exhibits1: Executive Summary - Chart on Market Overview
- Exhibits2: Executive Summary - Data Table on Market Overview
- Exhibits3: Executive Summary - Chart on Country Market Characteristics
- Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
- Exhibits5: Executive Summary - Chart on Market Segmentation by Application
- Exhibits6: Executive Summary - Chart on Market Segmentation by Technique
- Exhibits7: Executive Summary - Chart on Incremental Growth
- Exhibits8: Executive Summary - Data Table on Incremental Growth
- Exhibits9: Executive Summary - Chart on Vendor Market Positioning
- Exhibits10: Parent market
- Exhibits11: Market Characteristics
- Exhibits12: Offerings of vendors included in the market definition
- Exhibits13: Market segments
- Exhibits14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibits15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
- Exhibits16: Chart on North America: Year-over-year growth 2023-2028 (%)
- Exhibits17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
- Exhibits18: Historic Market Size - Data Table on directional drilling market in north America 2018 - 2022 ($ billion)
- Exhibits19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- Exhibits20: Historic Market Size - Technique Segment 2018 - 2022 ($ billion)
- Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- Exhibits22: Five forces analysis - Comparison between 2023 and 2028
- Exhibits23: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- Exhibits24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Exhibits25: Threat of new entrants - Impact of key factors in 2023 and 2028
- Exhibits26: Threat of substitutes - Impact of key factors in 2023 and 2028
- Exhibits27: Threat of rivalry - Impact of key factors in 2023 and 2028
- Exhibits28: Chart on Market condition - Five forces 2023 and 2028
- Exhibits29: Chart on Application - Market share 2023-2028 (%)
- Exhibits30: Data Table on Application - Market share 2023-2028 (%)
- Exhibits31: Chart on Comparison by Application
- Exhibits32: Data Table on Comparison by Application
- Exhibits33: Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
- Exhibits34: Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
- Exhibits35: Chart on Onshore - Year-over-year growth 2023-2028 (%)
- Exhibits36: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
- Exhibits37: Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
- Exhibits38: Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
- Exhibits39: Chart on Offshore - Year-over-year growth 2023-2028 (%)
- Exhibits40: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
- Exhibits41: Market opportunity by Application ($ billion)
- Exhibits42: Data Table on Market opportunity by Application ($ billion)
- Exhibits43: Chart on Technique - Market share 2023-2028 (%)
- Exhibits44: Data Table on Technique - Market share 2023-2028 (%)
- Exhibits45: Chart on Comparison by Technique
- Exhibits46: Data Table on Comparison by Technique
- Exhibits47: Chart on Rotary steerable system - Market size and forecast 2023-2028 ($ billion)
- Exhibits48: Data Table on Rotary steerable system - Market size and forecast 2023-2028 ($ billion)
- Exhibits49: Chart on Rotary steerable system - Year-over-year growth 2023-2028 (%)
- Exhibits50: Data Table on Rotary steerable system - Year-over-year growth 2023-2028 (%)
- Exhibits51: Chart on Conventional methods - Market size and forecast 2023-2028 ($ billion)
- Exhibits52: Data Table on Conventional methods - Market size and forecast 2023-2028 ($ billion)
- Exhibits53: Chart on Conventional methods - Year-over-year growth 2023-2028 (%)
- Exhibits54: Data Table on Conventional methods - Year-over-year growth 2023-2028 (%)
- Exhibits55: Market opportunity by Technique ($ billion)
- Exhibits56: Data Table on Market opportunity by Technique ($ billion)
- Exhibits57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Exhibits58: Chart on Market share By Geographical Landscape - 2023-2028 (%)
- Exhibits59: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
- Exhibits60: Chart on Geographic comparison
- Exhibits61: Data Table on Geographic comparison
- Exhibits62: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibits63: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibits64: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibits65: Data Table on US - Year-over-year growth 2023-2028 (%)
- Exhibits66: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Exhibits67: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Exhibits68: Chart on Canada - Year-over-year growth 2023-2028 (%)
- Exhibits69: Data Table on Canada - Year-over-year growth 2023-2028 (%)
- Exhibits70: Chart on Mexico - Market size and forecast 2023-2028 ($ billion)
- Exhibits71: Data Table on Mexico - Market size and forecast 2023-2028 ($ billion)
- Exhibits72: Chart on Mexico - Year-over-year growth 2023-2028 (%)
- Exhibits73: Data Table on Mexico - Year-over-year growth 2023-2028 (%)
- Exhibits74: Market opportunity By Geographical Landscape ($ billion)
- Exhibits75: Data Table on Market opportunity By Geographical Landscape ($ billion)
- Exhibits76: Impact of drivers and challenges in 2023 and 2028
- Exhibits77: Overview on Criticality of inputs and Factors of differentiation
- Exhibits78: Overview on factors of disruption
- Exhibits79: Impact of key risks on business
- Exhibits80: Vendors covered
- Exhibits81: Matrix on vendor position and classification
- Exhibits82: APA Corp. - Overview
- Exhibits83: APA Corp. - Product / Service
- Exhibits84: APA Corp. - Key offerings
- Exhibits85: Baker Hughes Co. - Overview
- Exhibits86: Baker Hughes Co. - Business segments
- Exhibits87: Baker Hughes Co. - Key news
- Exhibits88: Baker Hughes Co. - Key offerings
- Exhibits89: Baker Hughes Co. - Segment focus
- Exhibits90: Cathedral Energy Services - Overview
- Exhibits91: Cathedral Energy Services - Business segments
- Exhibits92: Cathedral Energy Services - Key offerings
- Exhibits93: Cathedral Energy Services - Segment focus
- Exhibits94: Chevron Corp. - Overview
- Exhibits95: Chevron Corp. - Business segments
- Exhibits96: Chevron Corp. - Key news
- Exhibits97: Chevron Corp. - Key offerings
- Exhibits98: Chevron Corp. - Segment focus
- Exhibits99: Halliburton Co. - Overview
- Exhibits100: Halliburton Co. - Business segments
- Exhibits101: Halliburton Co. - Key news
- Exhibits102: Halliburton Co. - Key offerings
- Exhibits103: Halliburton Co. - Segment focus
- Exhibits104: Intrepid - Overview
- Exhibits105: Intrepid - Product / Service
- Exhibits106: Intrepid - Key offerings
- Exhibits107: LEAM Drilling Services - Overview
- Exhibits108: LEAM Drilling Services - Product / Service
- Exhibits109: LEAM Drilling Services - Key offerings
- Exhibits110: Nabors Industries Ltd. - Overview
- Exhibits111: Nabors Industries Ltd. - Business segments
- Exhibits112: Nabors Industries Ltd. - Key news
- Exhibits113: Nabors Industries Ltd. - Key offerings
- Exhibits114: Nabors Industries Ltd. - Segment focus
- Exhibits115: NOV Inc. - Overview
- Exhibits116: NOV Inc. - Business segments
- Exhibits117: NOV Inc. - Key news
- Exhibits118: NOV Inc. - Key offerings
- Exhibits119: NOV Inc. - Segment focus
- Exhibits120: RPB Industries Group - Overview
- Exhibits121: RPB Industries Group - Product / Service
- Exhibits122: RPB Industries Group - Key offerings
- Exhibits123: Scientific Drilling International - Overview
- Exhibits124: Scientific Drilling International - Product / Service
- Exhibits125: Scientific Drilling International - Key offerings
- Exhibits126: Terra Contracting - Overview
- Exhibits127: Terra Contracting - Product / Service
- Exhibits128: Terra Contracting - Key offerings
- Exhibits129: Texas Directional Boring - Overview
- Exhibits130: Texas Directional Boring - Product / Service
- Exhibits131: Texas Directional Boring - Key offerings
- Exhibits132: Vermeer Corp. - Overview
- Exhibits133: Vermeer Corp. - Product / Service
- Exhibits134: Vermeer Corp. - Key offerings
- Exhibits135: Weatherford International Plc - Overview
- Exhibits136: Weatherford International Plc - Business segments
- Exhibits137: Weatherford International Plc - Key news
- Exhibits138: Weatherford International Plc - Key offerings
- Exhibits139: Weatherford International Plc - Segment focus
- Exhibits140: Inclusions checklist
- Exhibits141: Exclusions checklist
- Exhibits142: Currency conversion rates for US$
- Exhibits143: Research methodology
- Exhibits144: Validation techniques employed for market sizing
- Exhibits145: Information sources
- Exhibits146: List of abbreviations
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